Kimpton & Co, CPAs

Kimpton & Co, CPAs Our company provides tax preparation, tax planning, bookkeeping and payroll services. We specialize

02/17/2026

“A number of factors could prevent Idaho taxpayers from getting their returns on time, according to Renee Eymann, senior public information officer for the tax commission.
One is House Bill 559, sponsored by state Rep. Jeff Elhers, R-Meridian.
When the Legislature’s Joint Finance-Appropriations Committee voted on the tax conformity bill, it was done with “hope” that the tax commission could operate through the 2026 tax season “with their existing resources,” Ehlers told the Idaho Statesman. However, Eymann said the new law requires the tax commission to meticulously update its entire system before processing your return.
“Now we need to update our tax forms and instructions and systems to incorporate the conformity changes,” Eymann said. “This will delay refunds beyond their normal time frames as we’re making these adjustments.”
Eymann told the Statesman that “it normally takes nine months for” updates like this to be made – although “it’s not going to take that long.”
“We’re really going to have to push it to get what needs to get done to help everybody,” she added.
That means if you already submitted your 2025 tax return, you may be asked to file an amended return as well, according to Eymann.”

12/17/2025

As of September 30, 2025 the Federal Government shall cease issuing paper checks for federal refunds and all payments made to the federal government must be processed electronically.

For employers who care.
12/16/2025

For employers who care.

Read about compassionate approaches to a hidden but growing concern.

09/03/2025

Doing home renovations? Put in a few new energy efficient windows, or furnace or A/C by the end of the year-there is still a soon-to-expire (12/31/25) up to 30% credit for what you spend, and it applies to solar, back-up batteries and doors too. That way you get the full credit before it expires.

09/03/2025

The 529 plan. Open a plan now for your kids,or anyone you care about! You don’t need thousands of dollars-a hundred or two will “start the clock” Why is this important? The Secure Act 2.0 has setup a new rule allowing, after 15 years the beneficiary to roll $35,000 out of the 529 to a Roth IRA. Why is this important? You can use a 529 for college, but you can use a Roth for anything!

08/05/2025

OBBB changes
The Federal credit for electric cars ends September 30, 2025. Federal credits for insulation, storm windows, doors, furnaces, water heaters, solar power, geothermal energy and wind energy systems end December 31, 2025

08/05/2025

OBBB and SSA
Social Security is still taxable if the standard or itemized deduction is not enough to offset it

08/05/2025

OBBB
Overtime Deduction
For those folks whose W-2 reflects overtime pay income they can deduct the lesser of the overtime income from their individual W-2’s or $12,500 each. This deduction phases out starting at $150,000 of income if single, and $300,000 if filing jointly. This amount is deductible in addition to the standard deduction, so you don’t need to itemize.

08/05/2025

OBBB continues

Car Loan Interest Deduction
There is a new deduction this year for car loan interest if you bought a new (not used) car in 2025 (and 2026-2028) if it was assembled in the US. This deduction phases out starting at $100,000 of income if single, and $200,000 if filing jointly. This amount is deductible in addition to the standard deduction, so you don’t need to itemize.

08/05/2025

More on the OBBB
There is a new deduction for seniors which allows an additional deduction of $6,000 for each filer that has reached age 65 by December 31, 2025 in addition to the normal small additional senior deduction. But the deduction phases out for seniors making more than $75,000 for a single filer or $150,000 for a joint filer.

08/05/2025

On July 4, 2025 the President signed the new 2025 Tax Bill, known as the One Big Beautiful Bill Act or OBBB. There are tons of rumors going around about what changes and what doesn’t, but here is the correct information that will affect you and most Americans.

Deductions, Brackets and Rates
Tax rates did not increase or decrease from 2025
Tax brackets increased slightly, meaning that you can make a bit more money this year without going into a new bracket.

The standard deduction increased by about $3,000 for a married couple from 2024

Address

605 E 6th Avenue
Post Falls, ID
83854

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Wednesday 8am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+12087736962

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